MS Amlin has joined the Natural Disaster Fund as a commercial capacity partner, committing US$50m in risk-sharing capacity to support climate and disaster protection programmes in vulnerable communities across the Global South.
The NDF is a blended risk transfer vehicle that helps low and middle-income countries manage climate-related risks, and currently has a portfolio of more than US$100m in risks. MS Amlin will join existing partner Hannover Re in supporting the fund's activities.
Amir Sethu, head of sustainability at MS Amlin, said: "Our participation with the NDF reflects our commitment to deploying capacity where it can support adaptation, resilience and long-term insurability.”
Mark Rueegg, chief executive officer at CelsiusPro Group, added: “It is part of the NDF’s mission to grow and to onboard global risk institutions. Therefore, building on the work with our highly-valued, long-standing partner Hannover Re, we are bringing together cornerstone organisations in the risk transfer sector to grow the NDF and its portfolio, and therefore to increase the delivery of meaningful and sustainable impact where it is most needed.”
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